Vietnamese recruitment startup TopDev bags funding from S Korea’s SaraminHR

Vietnamese IT sector-focused recruitment platform TopDev has snapped up a seven-digit strategic investment from KOSDAQ-listed SaraminHR.

The Vietnamese startup will use the funding to enhance the talent supply through IT career training programmes, TopDev’s founder and CEO Nguyen Huu Binh said, in a statement.

The demand for programming professionals has increased 1.5 times each year over the last three years, with the growth in the local IT industry coupled with global companies scouting for talent in Vietnam, the startup said.

“TopDev strategic investment is our first step towards global market expansion. The first goal is to succeed in Vietnam and then to become a global company,” commented SaraminHR CEO Kim Yong Hwan.

TopDev claims to host 300,000 developer profiles for customers including local and regional technology companies.

Vietnam had between 350,000 and 400,000 IT job seekers with only 20 per cent of them active on job sites, according to TopDev’s 2019 data.

The country technology sector is projected to have a demand for 500,000 developers until 2021, translating to a consequent shortage of up to 190,000 developers.

TopDev was launched in 2015 by freelance platform Applancer, an affiliate of digital services group Appota.

In other deals in the recruitment space, ITViec was acquired by Japan’s Mynavi Corporation in January 2019 while Ho Chi Minh City-based career platform JobHop had raised external funding from Singapore venture capital firm KK Fund.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.